Mortgage terms can be confusing and overwhelming for many new homebuyers. At Axia, our focus is to give you the best customer service through a high tech, high touch, high trust approach to home financing. Our loan officers are here to guide you through the loan process so you can feel comfortable every step of the way.
Here is a step by step outline of what you can expect when choose Axia Home Loans for your home-buying journey:
1. LET GET YOU PRE-APPROVED
Pre-approval allows you to search for a home that you can afford based on your credit, income, and assets. An application and supporting financial documents can be submitted to your loan originator.
2. FIND YOUR DREAM HOME
Let the fun begin! Once pre-approved, start shopping with your real estate agent! When you decide on a home, the terms of sale are negotiated and your agent presents your offer to the seller.
3. PERSONALIZE A LOAN SOLUTION
After the seller accepts your offer, contact your loan originator to complete your application process and update all required documents.Initial loan terms and cost breakdown are then sent to you to sign.
4. INSPECT YOUR NEW HOME
As your loan application is being processed, an inspection of your home is conducted (if applicable). Once cleared, your appraisal is ordered by Axia.
5. FINAL REVIEW OF LOAN DOCUMENTS
A loan processor reviews the entire loan file and sends all pertinent information to an underwriter for loan approval.The underwriter will review and clear all of the items after their initial approval. If all requested items have been satisfied and all property conditions met, your loan will be final approved.
6. IT’S CLOSING TIME! GET YOUR PEN
A loan originator must provide your Closing Disclosure 3 days prior to closing. Closing documents are prepared by the escrow agent and signed by you (the buyer) and the seller.
A wire or check for the amount of the loan is sent to the title company and deeds that transfer titles are recorded with the county.
7. GET THE KEYS AND MOVE IN!
You have completed the process and are now a proud new homeowner!